Happiest Minds Technologies Ltd. (HMTL), is planning to raise up to Rs. 7,000mn through an IPO, which will open on 07th Sept. and close on 09th Sept. 2020. The price band is Rs. 165 - 166 per share. Given HMT’s growth profile and >97% digital revenue share, the company can comfortably command a PE of 24x-25x, which makes the IPO valuation fairly attractive for long term investors.